Collection Practices      

 
 

Collection Practices

  

CFM specializes in commercial collections. We have opted to specialize in this area because that is where our expertise lies. Commercial debtors generally have more funds than the average consumer, elicit a more professional demeanor in the handling of their debts and in one sense are easier to collect.

 

The actual collection process is complex and it takes a specialist in the commercial field to obtain the best results. Commercial collection practices are different than consumer practices because they are not governed by the "Fair Debt Collection Practices Act," since the debts are not of a personal, family or household nature.

 

Integrity, Fairness and Dependability

A good commercial specialist should still follow the principles of the FDCPA, even when attempting to collect commercial debts. Some areas offer greater latitude in the collection process.  If utilized properly, these techniques can improve your collection rates.

 

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